How to Buy Lendingclub Stock
Lendingclub Corp
Lendingclub is a credit service company located in California, United States, which is part of the Financial Services sector, and is traded under the ticker LC on the NYSE exchange.
Lendingclub stock last closed at $7.61, down 0.91% from the previous day, and has increased 4.97% in one year. It has underperformed other stocks in the Credit Services industry by 0.1 percentage points. Lendingclub stock is currently +60.89% from its 52-week low of $4.73, and -30.31% from its 52-week high of $10.92.
At the moment, there are 110.41M shares of LC outstanding. The market cap of LC is $840.22M. In the last 24 hours, 882,679 LC shares were traded.
How to Buy Lendingclub Stock
Wondering how to invest in Lendingclub stock? Here's how.
- Choose where to buy Lendingclub stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Lendingclub stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your payment method and add your information.
- Analyze Lendingclub stock: The Lendingclub ticker symbol is LC. Is Lendingclub stock a good investment? Should you buy shares of LC? How do LC's underlying business fundamentals look? Do top analysts think Lendingclub is a good buy? Why has LC's stock price moved recently? (Hint: Our stock research tools can help you figure out if LC is a good stock to buy).
- Execute your LC trade: Decide if you will purchase LC shares at the current market price or use a limit order to buy LC stock at a particular price.
- Track your investment in LC: Create a watchlist to keep track of your new investment in Lendingclub shares.
Step 1: Choose where to buy Lendingclub stock
You need an online brokerage account in order to access the NYSE market and buy LC stock.
Our favorite brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world markets: From Tech to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal information so you can invest in LC today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create a new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on the best stock trading app for beginners, you need to deposit funds:
Check out the tutorial below if you need help transferring money into your new investment account.
Step 4: Analyze Lendingclub stock
Once you have chosen the best place to buy Lendingclub stock, it's absolutely critical to analyze their stock prior to buying, so you actually wrap your head around the risk and upside.
Lendingclub Numbers
Fundamentals of Lendingclub
WallStreetZen was built to help average investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on LC's stock page.
What is the fair value of LC stock?
You can use many financial metrics, analyses, models, and charts to gauge LC's intrinsic value.
Using relative valuations methods:
- LC could be undervalued based on its P/E ratio of 21.14x, relative to Credit Services industry P/E ratio of 28.52x
- LC could be undervalued based on its P/B ratio of 0.67x, relative to Credit Services industry P/B ratio of 4.81x
- LC could be undervalued based on its PEG ratio of 0.18x
You can access more valuation analysis on LC's stock here.
LC Financial Health
Failed Financial Due Diligence Checks:
- LC has a relatively high debt to equity ratio of 6.05.
- LC profit margin has gone down from 24.4% to 4.5% in the past year.
- Total LC debt is higher than 5 years ago, relative to shareholder equity.
Is Lendingclub stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Equities analysts who give forecasts on LC, the consensus analyst rating on Lendingclub is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Lendingclub stock forecast page.
Metrics for Advanced LC Traders
Is LC Making Money?
Last year, LC earnings were $38.94M. Over the last two year, LC's earnings have grown by 37.65% per year. This was faster than the Credit Services industry average of 12%.
Last year, LC revenue was $864.62M. Over the last five year, LC's revenue has gone up by 4.47% per year. This was slower than the Credit Services industry average of 9.61%.
Find out more about LC's earnings and revenue performance here.
Latest Insiders Trades at LC
In the last year, executives and large shareholders at LC have sold more shares than they have bought.
Annie Armstrong, Chief Risk Officer of LC, was the latest LC insider to sell. They sold $187,066.95 worth of LC shares on Feb 25, 2024.
Dig into more about who owns LC stock here.
Does LC provide a stable income stream?
No, Lendingclub doesn't provide an income stream by paying out dividends.
What do other traders have to say about LC?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your LC trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you require more assistance buying stocks on eToro, watch the how to video below:
Step 6: Track your investment in LC
Now that you own some shares in LC, you'll want to keep up with your company.
Add LC to a watchlist to get notified of the latest news about your LC stock.
LC Feed
How to Buy Stock in Lendingclub
To summarize, here are the 6 steps to buy Lendingclub stock:
- Choose where to buy Lendingclub stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Analyze Lendingclub stock
- Execute your LC trade
- Track your investment in LC
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Lendingclub, create a watchlist today.
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